The reform of state-owned enterprises is being solidly promoted, technological innovation continues to strengthen, and industrial development is seeking new quality... The State owned Assets Supervision and Administration Commission of the State Council held a meeting of local SASAC leaders in Beijing from the 18th to the 19th, conveying a positive signal that China's local state-owned enterprises are accelerating high-quality development. Promoting Reform: Enhancing Enterprise Vitality and Efficiency Faced with numerous challenges, in 2024, local state-owned assets supervision commissions in China will achieve an added value of 7.7 trillion yuan and a total profit of 1.7 trillion yuan, demonstrating new responsibilities in helping stabilize the macroeconomic situation. Behind the stable operation of state-owned enterprises, the continuous deepening of state-owned enterprise reform is indispensable. In 2024, various regions will promote the deepening and upgrading of state-owned enterprise reform at a high level, increase the implementation of key reform tasks, and by the end of 2024, the average completion rate of main tasks has exceeded 70% Zhang Yuzhuo, Director of the State owned Assets Supervision and Administration Commission of the State Council, said at this meeting. It is reported that as of the end of last year, 95.5% of state-owned enterprises with local party committees have dynamically optimized the list of pre research items for party committees, and 95% of local first level enterprises have established an external director assessment and evaluation system. Jilin has established a benchmarking assessment and target forcing mechanism, which provides "warning in the first year, salary reduction in the second year, and adjustment in the third year" for enterprise leaders who are below the industry average level. In Liaoning, nine tough battles have been launched to promote the construction of the "Three Abilities" mechanism, which emphasizes the ability of management personnel to move up and down, employees to move in and out, and income to increase and decrease. These include the establishment of a term system for management members and the improvement of contractual management quality. The competition mechanism has been integrated into the entire production and operation process of state-owned enterprises. This year marks the end of the action plan to deepen and enhance the reform of state-owned enterprises. How can the reform of state-owned enterprises go deeper and more practical? This meeting "outlined" a series of key tasks - to accelerate the establishment of an evaluation system for state-owned enterprises to fulfill their strategic missions, to accelerate the formation of production relations that are more compatible with new quality productivity, and to accelerate the improvement of state-owned enterprise management capabilities. Strong Innovation: Stimulating Enterprise Innovation Momentum. In 2024, local state-owned enterprises and state-owned enterprises will continue to strengthen their technological innovation efforts, implementing a "combination punch" of improving diversified investment mechanisms, strengthening their position as the main body of technological innovation, and creating a good innovation ecology. Data shows that in 2024, local regulatory enterprises will invest more than 630 billion yuan in research and development funds, a year-on-year increase of 6.6%. In 2024, local regulatory enterprises actively participated in the construction of the central enterprise innovation consortium, jointly tackling a number of key technologies in information technology, artificial intelligence, green and low-carbon areas. Focusing on optimizing the innovation environment, Shandong has implemented a pilot program for the Chief Scientist system, granting researchers full autonomy and decision-making power in scientific research; Anhui has specified 3 basic conditions and 11 applicable situations and recognition processes for investing in science and technology innovation enterprises, ensuring that state-owned enterprises have no worries about innovation. Technological self-reliance and self-improvement are the only way for enterprises to achieve high-quality development. How can related work be "elevated" in 2025? State owned Assets Supervision and Administration Commission (SASAC) in various regions should further increase their efforts in scientific and technological innovation, and focus on building modern new state-owned enterprises that rely on innovation, strength, and victory Zhang Yuzhuo stated. He said that the next step is to focus on improving effective mechanisms for promoting innovation in state-owned enterprises. State owned asset regulatory agencies should be based on the positioning of investor responsibilities, establish and improve differentiated, long-term scientific and technological innovation assessment and evaluation systems, work promotion systems, and policy support systems. In terms of promoting industrial innovation through technological innovation, Zhang Yuzhuo stated that it is necessary to improve the linkage and industrialization mechanism of industry university research achievements, accelerate the construction of a number of major pilot projects, explore the establishment of scenario application innovation promotion centers, and help new technologies that truly meet the trend of industrial development stand out. Optimal layout: Enhance the core competitiveness of the main industry. In 2024, the optimization and adjustment of the layout and structure of state-owned capital will continue, with various highlights, becoming the "highlight" of state-owned enterprise reform and development. On the one hand, the pace of layout in emerging industries is accelerating - by 2024, the proportion of strategic emerging industry investment by local regulatory enterprises will be 21.8%, and the proportion of revenue will be 16.9%. According to conference information, Jiangsu is promoting the establishment and implementation of the first batch of 14 strategic emerging industry funds with a total scale of 50.6 billion yuan; Guangdong focuses on areas such as low altitude economy and ocean investment, and has successively established 35 functional platform companies; Liaoning focuses on building industrial clusters in the aerospace industry. At the same time, the transformation of traditional industries has brought new opportunities - Guangxi has implemented a three-year action plan for high-end, intelligent, and green development of traditional industries, consolidating the synergy of transformation and upgrading; Shanghai has launched a "Artificial Intelligence+" vertical model landing application gift package, built a digital transformation innovation base, and released 308 digital transformation application scenarios to the whole society... In addition, many local state-owned enterprises actively carry out professional integration with central enterprises; Multiple regions have jointly organized the "Joint Chain Action" with central enterprises in areas such as rail transit and industrial machinery, jointly driving the integrated development of upstream and downstream enterprises in the industrial chain. The conference made a series of arrangements to promote the "three centralizations" of state-owned capital, upgrade key industries, optimize the spatial layout of productivity, and focus on deepening the optimization of layout and structural adjustment. Zhang Yuzhuo stated that local State owned Assets Supervision and Administration Commission should take the preparation of the "15th Five Year Plan" as an opportunity, based on their own foundation and advantages, combined with regional industrial layout, vigorously optimize the industrial structure, enhance the sense of the times in the layout structure, and strengthen the core competitiveness of the main industry. (New Society)